Texas HB982 proposes tax limitations on residence homesteads for low-income disabled or elderly individuals and their surviving spouses.

Texas HB982 amends the Tax Code to establish a limitation on the amount of ad valorem taxes that certain taxing units can impose on the residence homesteads of low-income disabled or elderly individuals and their surviving spouses. This bill applies to taxing units other than school districts, counties, municipalities, or junior college districts. It sets a cap on tax increases for these homesteads and ensures that surviving spouses can continue to benefit from the tax limitation if they meet certain conditions.

Texas HB982 proposes tax limitations on residence homesteads for low-income disabled or elderly individuals and their surviving spouses.

Texas HB982 amends the Tax Code to establish a limitation on the amount of ad valorem taxes that certain taxing units can impose on the residence homesteads of low-income disabled or elderly individuals and their surviving spouses. This bill applies to taxing units other than school districts, counties, municipalities, or junior college districts. It sets a cap on tax increases for these homesteads and ensures that surviving spouses can continue to benefit from the tax limitation if they meet certain conditions.